Global Furfuryl Alcohol Market Analysis, 2024-2030

Furfuryl alcohol is an organic compound which contains a furan substituted with a hydroxymethyl group. Furfuryl alcohol is a colourless liquid, and its aged sample appears amber in colour. It does have a faint odour of burning and is bitter in taste. Furfuryl alcohol is mixable with many chemicals but is rendered unstable when it is mixed or encounters water.

Furfuryl alcohol is widely used for making cores and moulds for metal casting. This alcohol is used as a solvent for refining lubrication oils and as a fungicide. It is a weed killer and is also used in the production of tetrahydrofuran. Additionally, furfuryl alcohol is an important industrial solvent and therefore it is also used by many industries for being a good solvent. Furfuryl alcohol has low viscosity, high reactivity meaning that it is highly reactive and is an excellent solvent. These characteristics of this alcohol have led to its success in several fields, and now it is being used all over the world for several uses.

The report on global furfuryl alcohol market represent insight on current market scenario by conducting more than 340 hours of secondary and primary research. As per the report, the global furfuryl alcohol market has been calculated at US $ xxx million for 2018; the said value is estimated to show a growth of xxx% every year and is expected to reach the market value of US $ xxx million by 2020.

With a lot of uses and beneficial properties that furfuryl alcohol has, it has its downsides also. The flip side of furfuryl alcohol is that it is a reason for causing cancer. Due to its highly reactive properties, it forms a foundation for cancer over time. China and Thailand are the main exporters of this furfuryl alcohol all over the world. The biggest importers of furfuryl alcohol are India and U.S. In future it is expected that China will be the leading exporter of furfuryl alcohol.

Trans Furans chemicals (TFC), Dalian Zhongteng Trade, Shandong Zibo Baofeng I&E Co. Ltd., Hangzhou Xinnongsheng chemical Co., Ltd and Zhucheng Yongchuang casting material Co. Ltd. are some of the key players in the global furfuryl alcohol market.

Our Approach

The research process begins with the bifurcation of different market segments of global furfuryl alcohol market, followed by identification of factors affecting the growth each segment. Then, the market forecasts were built based on the input shared by the business leaders across furfuryl alcohol industry value chain. Market Krystal have conducted more than 30 interviews for this study, details of which are mentioned below:

By company type:

Manufacturers (30%), Suppliers (10%), Consumers (30%), Researchers (20 %), Independent industry consultant (10%)

By geography:

North America (25%), Asia (45%), Europe (30%)

By designation:

Top level (35%), Operation level (25%), Mid-level (40%)

Contents of the report:

• Insight on the furfuryl alcohol industry dynamics
• Estimation of the current global furfuryl alcohol market size in terms of value and volume
• Global furfuryl alcohol market breakup based on application (solvent, resin, adhesives and similar others), end-user (metal, chemical, others) and geography (North America, Europe, Asia-Pacific, Middle-East, Africa, Latin America)
• Substantiated global furfuryl alcohol market forecast for the next five years
• Detailed analysis of the key companies operating across different nodes of furfuryl alcohol industry value chain

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